Analysts See $0.51 EPS for Meredith Corporation (MDP)

April 25, 2018 - By sdfsdfsdf

Meredith Corporation (NYSE:MDP) LogoInvestors sentiment increased to 1.37 in Q4 2017. Its up 0.27, from 1.1 in 2017Q3. It is positive, as 23 investors sold Meredith Corporation shares while 64 reduced holdings. 51 funds opened positions while 68 raised stakes. 40.46 million shares or 3.63% less from 41.98 million shares in 2017Q3 were reported.
Jpmorgan Chase & Company reported 0% in Meredith Corporation (NYSE:MDP). Macquarie Gp Limited holds 1.06M shares or 0.12% of its portfolio. Hotchkis & Wiley Capital Management Limited Liability Corporation owns 0% invested in Meredith Corporation (NYSE:MDP) for 7,391 shares. Sg Americas Ltd Limited Liability Company holds 10,038 shares or 0.01% of its portfolio. Envestnet Asset Mngmt Inc invested in 0% or 185 shares. Bragg Financial Advsrs invested in 76,056 shares. Schwab Charles Investment Mgmt holds 353,091 shares. Pnc Fincl Grp Incorporated stated it has 0% of its portfolio in Meredith Corporation (NYSE:MDP). Eaton Vance Management holds 58,406 shares or 0.01% of its portfolio. 14,500 are held by Brown Advisory. Point72 Asia (Hong Kong) Limited accumulated 1,530 shares or 0.08% of the stock. Moreover, Cwm Limited Liability has 0% invested in Meredith Corporation (NYSE:MDP). Commonwealth Of Pennsylvania Public School Empls Retrmt Sys, Pennsylvania-based fund reported 5,778 shares. Rowland Inv Counsel Adv invested in 0.78% or 30,160 shares. Teachers Retirement System Of The State Of Kentucky owns 9,680 shares.

Since December 15, 2017, it had 1 insider purchase, and 2 sales for $1.60 million activity. FRAZIER MEREDITH D MELL also sold $1.55M worth of Meredith Corporation (NYSE:MDP) shares. Another trade for 3,600 shares valued at $252,360 was made by MEREDITH EDWIN T IV on Friday, December 15.

Analysts expect Meredith Corporation (NYSE:MDP) to report $0.51 EPS on April, 26.They anticipate $0.36 EPS change or 41.38 % from last quarter’s $0.87 EPS. MDP’s profit would be $23.02M giving it 25.42 P/E if the $0.51 EPS is correct. After having $1.14 EPS previously, Meredith Corporation’s analysts see -55.26 % EPS growth. The stock increased 1.37% or $0.7 during the last trading session, reaching $51.85. About 165,327 shares traded. Meredith Corporation (NYSE:MDP) has declined 14.74% since April 25, 2017 and is downtrending. It has underperformed by 26.29% the S&P500.

Meredith Corporation (NYSE:MDP) Ratings Coverage

Among 5 analysts covering Meredith (NYSE:MDP), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Meredith had 6 analyst reports since October 27, 2017 according to SRatingsIntel. The company was upgraded on Wednesday, January 31 by Gabelli. As per Friday, October 27, the company rating was maintained by Wells Fargo. The company was upgraded on Tuesday, November 28 by Jefferies. The stock of Meredith Corporation (NYSE:MDP) earned “Neutral” rating by Citigroup on Friday, December 1. The stock has “Buy” rating by Jefferies on Wednesday, January 31.

Meredith Corporation operates as a diversified media firm in the United States. The company has market cap of $2.34 billion. It operates in two divisions, Local Media and National Media. It has a 8.55 P/E ratio. The Local Media segment operates television stations, such as 7 CBS affiliates, 5 FOX affiliates, 2 MyNetworkTV affiliates, 1 NBC affiliate, 1 ABC affiliate, and 2 independent stations.

Meredith Corporation (NYSE:MDP) Institutional Positions Chart

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